Pitkin County commissioners, sitting as the Board of Equalization on Wednesday, approved the updated property valuations after more than 4,700 protests were filed in the spring. The cumulative value of all Pitkin County properties reached $74 billion before the hearing process was conducted throughout the summer. This was up from $42 billion in 2022. After the hearings, the cumulative value is down to $72.4 billion (an average of $4 million per property).